The implementation of the project to redevelop and revitalize the former Ladopoulos paper mill in Patras through a Public-Private Partnership (PPP) is proceeding as planned, with no risk to the project’s execution, completion, or the planned timeline.
Despite the exclusion of the government’s financial contribution from the Recovery and Resilience Facility, the required public funding, totaling €25 million, has already been secured through the Special PPP Program, fully ensuring the continuation and uninterrupted implementation of the project.
This development confirms the government’s concrete commitment to the timely implementation of critical development infrastructure, which contributes substantially to regional development and the improvement of citizens’ quality of life, emphasizes Nikos Papathanasis, Deputy Minister of National Economy and Finance responsible for PPPs.
The project involves the creation of a multifunctional cultural, social, and administrative center, which will serve as a landmark for Patras, contributing to the urban and social revitalization of the wider region and, in particular, to connecting the city’s waterfront with the urban fabric. It includes infrastructure to house the administrative services of the Region and the Municipality, cultural facilities, educational structures, and social welfare infrastructure.